Havells India Share Price in Focus; 6% Revenue Dip in Q1 FY26 Results

Havells India Limited announced its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26), reporting a decline in revenue and profitability compared to the same period last year, as a softer summer season weighed on its cooling products segment.

Q1 FY26 Financial Performance Overview

For Q1 FY26, Havells posted a net revenue of ₹5,438 crore, down 6.2% year-on-year (YoY) from ₹5,798 crore in Q1 FY25. The sequential revenue also declined from ₹6,532 crore in Q4 FY25 due to seasonality.

EBITDA for the quarter came in at ₹520 crore, marking a 9.8% YoY drop compared to ₹576 crore last year. Net profit was reported at ₹352 crore, falling 14.3% YoY from ₹411 crore, while also down from ₹522 crore recorded in Q4 FY25.

Operational Highlights

The company attributed the weaker performance largely to a tepid summer in 2025, contrasting sharply with the robust seasonal demand for cooling products seen last year. While consumer demand remained muted, Havells noted that industrial and infrastructure segments continued to show steady growth, partially cushioning the overall impact on revenues.

Despite lower topline performance, Havells emphasised its focus on cost discipline, which led to modest expense growth and helped contain the hit to net profitability.

Havells Share Price Performance

On July 22, 2025, Havells share price (NSE: HAVELLS) opened at ₹1,555.00, up from its previous close of ₹1,531.60. At 9:48 AM, the share price of Havells was trading at ₹1,545.10, up by 0.88% on the NSE.

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Outlook and Conclusion

Havells’ Q1 results reflect broader consumption trends, with subdued consumer spending and weaker seasonal demand pressuring earnings, despite resilience from industrial and infrastructure-related demand.

Looking ahead, the company aims to leverage cost controls and strengthen its industrial portfolio to offset demand volatility in consumer-driven segments. A recovery in consumer demand and a stronger festive and seasonal cycle could improve performance in the coming quarters.

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